EUR/USD
Current level-1.4368
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4037 and 1.3372.
Still in the consolidation pattern below 1.4444 and there is a chance for a test of the 1.4302-10 support zone before next advance towards 1.4444, en route to 1.4567. Intraday bias is slightly negative while below 1.4387 resistance, so expect a short-lived sell towards 1.4310.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4444 | 1.4560 | 1.4719 | 1.50+ |
| Support | 1.4340 | 1.4309 | 1.4014 | 1.3746 |
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USD/JPY
Current level - 95.41
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 98.13 and 97.75.
As expected, the pair reversed at 95.79 and currently a minor downtrend is on the run, aiming at 94.63, en route to 94.01 support zone. Keep in mind, that the whole structure below 95.82 looks pretty corrective in nature, so all short positions should have a tight risk limit above 95.55.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 95.22 | 95.87 | 96.43 | 101.42 |
| Support | 94.50 | 94.01 | 93.07 | 87.12 |
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GBP/USD
Current level- 1.6742
The pair is in an uptrend, after bottoming at 1.6310. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6324 and 1.5155.
The pair broke through 1.6878 support, thus confirming a top has been set at 1.7042, that was the final of the 1.6321-1.7042 rise. We think, that current reversal is of a lesser degree, so expect 1.6663 support to hold for now, provoking a rise towards 1.6891. Intraday bias is negative for 1.6663.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.6887 | 1.7042 | 1.7042 | 1.7447 |
| Support | 1.6663 | 1.6545 | 1.6310 | 1.6030 |
